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20120901
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Search Results 0 to 22 of about 23 (some duplicates have been removed)
on all three indices on thursday, following that announcement. the dow and s&p 500 hit three-year highs, and the nasdq posted a nearly 12-year high. stocks continued to rise on friday, and gm rose 10%, chchrysler, climbing 14%, compad to earthquake related supply disruptions last year. all of those companies came in ahead of expectations andhe annual sales rate in the u.s. now stands at 14.5 million cars. it is an extraordinarily busy and important week from the jobs numbers to the ecb plan. but there are plenty of other things to pay attention to, as well. joining me is the chief investment strategist, russ koesterich. thank you for joining us. >>> thank you. >> 96,000 jobs created, fewer than the market expected, but the unemployment rate did fall to 8.1%. what is your take on the numbers and the economy? >> unfortunately, it was a bad report on several fronts, even the drop in the unemployment rate was negative. i'll explain why in a moment. so you're below expectatitions job creation, the sharp slowdown from the rate in july. we're seeing the wes slow down. again, thi is a challenge
fooling that announcement and the dow and s&p 500 getting three-year highs and nasdaq posted a nearly 12-year high. stocks continued to rise on friday. auto sales continue in high gear. gm rising 10% from a year ago. ford up 13%. chrysler criming 14% and toyota up a whopping 46%. that's compared to earthquake related supply disruptions last year. all came in ahead of expectations and annual sales rate stands at 14.5 million cars. >>> it is an extraordinarily busy and important week from the jobs numbers to the ecb plan but there are plenty of other things to pay attention to as well. joining me to talk about that is black rock's chief global investment strategist ross koesterich. let's start with the jobs numbers, 96,000 jobs created, fewer than the market expected but the unemployment rate did fall to 8.1%. what's your take on the numbers and what does it tell you about the economy? >> you know, this was a bad report. it was a bad report on several fronts and even the drop in the unemployment rate was negative. i'll explain why in a moment. you're below expectations an job creation and
ready to help someone else. >> somewhere in the early '50s, it was purchased by our grandparents. >> yes, yeah. >> and we have been there since that. >> and not much has been done since then. >> we see it looking the way it -- we wish it looked, you know, still looked in the '50s, right? it's looking kind of bad now. >> yeah. >> people always come and say, oh, it's so beautiful. and we look at each other and say, oh, my goodness, if they only knew. they're seeing what they really feel in the house. and i hope that it's a house of warmth and hospitality. yeah. major problems -- >> electrical. >> don't plug in the toaster and microwave at the same time. >> nothing has really been done since we kind of took over except cosmetic. >> we tried to make it look good. we really, really have not had the funds to do what needs to be done. >> and it doesn't really represent who we are. >> right. >> and i want people to look and say, look at what god has done for these people. you know, he's been faithful. so if he uses george, that would be great. that would be wonderful. >> really. yes. >> you know
. the indicator is closely watched because consumer spending makes up 70% of the u.s. economy. >>> two important pieces of data for the housing mark were out. sales of new homes in august were down from july. the median price of a home rose by a record amount, 11%. pending home sales down slightly in the month of august. at least in part due to an inventory shortage. not enough homes available at the low end of the price range. >>> an apology from the apple ceo tim cook writing a letter to customers after complaints about the accuracy of the new map application. they replaced google maps in the iphone 5 and in the new operating system. cook said apple is doing everything it can to make the maps better. >>> fresh unrest in europe kept the markets on edge. is it a long-term worry or a short-term blip? joining me is the chief global strategist with jpmorgan funds. thank you for joining us. >> glad to be here. >> we had the quiet coming out europe. things seemed to be stabilizing and now the markets are worried. we are seeing anti-austerity demonstrations. the pictures in spain were horrible with so
and has no end date. the so-called qe-3. the dow and s&p 500 hit the highest level since december of 2007. the nasdaq at the highest since november of 2000. the markets continued to rise on friday. another ratings agency issued a warning to the united states. moody's says if congressional negotiations fail to stabilize america's budget, moody's will lower the debt rating. mark zuckerberg maez made his first appearance at a technology conference. he said facebook was focusing on mobile. the stock price was disappointing, he said. facebook has half of the ipo price. >>> apple introduced iphone 5. it is faster, lighter, thinner and has a small ir dock connector called the lightning rod which not compatible with earlier phones. apple stocks hit highs afterhe announcement. >>> a major move by the fed but what does it mean for your money? who better to answer these questions than pimco officer bill gross. he runs the total return fund. thank you for your time. >> thank you, marie. >> so much to talk about. let me begin with the fed action. $40,000 billion of securities a month to help boost th
. my conversation with s.e.c. chairman mary shapiro. >>> plus, it's a dirty business, but somebody's got to do it. why urban farming is looking up. the "wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >>> here's a look what's making news as we head into a new week on wall street. more encouraging news about a turnaround in the housing sector. existing home sales jump nearly 8% last month. to a seasonally adjusted rate of 4.82 million homes. that was well above expectations. housing starts were up as well. increasing 2.3% in august. slightly below expectations, but single family home starts reached the highest level since april of 2010. the dow industrials continued its streak of monday blues this week and was flat midweek. taking a breath after reaching recent highs last week. the markets were mixed on friday. fedex and oracle reported earnings this week. fedex beat lowered expectations. however, it forecasts a gloomy remainder of the year. stock traded down. oracle met stoc
consumer spending makes up nearly 70% of the u.s. economy. >>> two important pieces of date to for the housing market for out. sales of new homes in august for down slightly from july. the median price of a home rose by a record amount p 11%. pending home sales slightly down in month of august, at least in part due to an inventory mortgage. not enough homes available at the low end of a price range. >>> apology from apple writing . the company replaced google maps on the iphone 5 and in its new operating system. cook said apple is doing everything it can to make the maps better. >>> fresh unrest in europe this week kept the markets on edge. is it a long-term worry or short-term blip? joining me, david kelly, chief global strategist with jp morgan funds. great to have you on the program. thanks for joining us. >> glad to be here. >> for a while we had sort of the quiet coming out of europe. things seem to be stabilizing. and now once again the markets are focused on it and worried. we're seeing anti-austerity demonstrations. the pictures in spain were really horrible with so
date. that sent stocks surging on wall street. the dow and s&p 500 hitting the the heist levels since december of 2007. the nasdaq at the highest since november of 2000. another ratings agency issues a warning. moody's says if congressional negotiations fail to stabilize the budget, moody's will lower the rating. mark zuckerberg made his first public appearance since the the company's botched ipo this year. he said facebook was focusing on mobile. the stock price was disappointing, he said cht. > >>>. facebook trades at about half of the ipo price and apple introduced its long awaited iphone 5. it's lighter, thinner than previous models. has a smaller dock connecter, not compatible with earlier phones. apple tok hitting new highs after the announcement. >>> a major move by the fed, but what impact will it have on the economy? who better to answer than bill gross. running the world's largest mutual fund, pimco's total return fund. thanks for your time today. >> thank you. >> so, so much to talk about this week. let me begin with the fed action. buying $40 billion worth of mortgage-back
of the s.e.c. securities and exchange commission. thank you for joining us. >> it is a pleasure to be here. >> i want to start with a piece you contribute ed to for the "wall street journal" this week after lehman brothers collapsed in2008, the $62 billion money market fund, the reserve fund collapsed along with it. you recently fought for new rules to regulate that $2.5 trillion money market industry but didn't have enough support from other sec commissioners. tell us about this. in your editorial you said all that care about financial stability must act to prevent another run on money market funds. how critical is this fear? >> very critical. in the reserve primary fund broke four years ago this week. the american taxpayer had to step in and backstop the multitrillion dollar money market fund industry. what we saw four years ago was that froze the short-term credit markets. the run spread to other money market funds and as i said the united states taxpayer had to step in and backstop those funds with a guarantee. we should never want to see that happen again. >>ow do you avoid that at th
for the markets, untiltly up, showing a annualized growth rate of 7.1%'s not enough to meaningfully lower the unemployment rate the case price index shows that prices r rose in junfrom the artly link of more than 90% of the oil production in the gulf was shut down because of hurricane isaac. and of course,e are in the peak driving season. than the economic summit in jackson hole? who is there, or who is not? joining us, david wessel, author of the new book "red ink" inside the high stakes politics of the federal budget. david, thank you for joining us. >> a pleasure. >> let's start with the annual conference at jackson, that is highly anticipated. the markets, ben bernanke looking for clues about possible quantatitive easing, he said the tools were ineffective in providing the concentration. >> i think it mea the fed does step in, basically i summarize his speech this way, quantitative easing, the economy is still sick, the medicine can help them, i'm going to give them more medicine, probably in september. >> all right, he needs more data, the jobs number, and all that. also nable who wa
. my father, born in the '20s, got a job in a factory. it took nine people to make a family wage when he started that job. came back from world war ii, stormed the beaches at normandy. he said i came back, as if by magic, i could buy a home and put you boys through college. we decided we could pay more, that is what we have to do with services. you know what? when you look at the best service companies. i have done that, i have looked at zappos and other studies, there is a published work, when you look at the retail workers, they engage their workers, get better customer service, higher productivity, it is a win, win for the worker and for the company. >> where is the innovation, who is innovative when it comes to service jobs and blending them with creative jobs? >> well, i think when you look at the annual list of the best employers, you get the high tech companies, but you also get companies bubbling up like the container store, my good friend, tony schayes' company, zappos, whole foods. but they did the role model of engaging the employees, they can become better service workers,
Search Results 0 to 22 of about 23 (some duplicates have been removed)